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This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Question

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This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Question 2 (1 point) What is the present value of the following annuity? $4,866 every half year at the beginning of the period for the next 5 years, discounted back to the present at 15.64 percent per year, compounded semiannually. Round the answer to two decimal places. Your

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